North Korea North Korea, officially the Democratic People's Republic of Korea (DPRK), is a country in East Asia. It constitutes the northern half of the Korean Peninsula and shares borders with China and Russia to the north, at the Yalu (Amnok) and T ...

is a country in

East Asia East Asia is the eastern region of Asia, which is defined in both Geography, geographical and culture, ethno-cultural terms. The modern State (polity), states of East Asia include China, Japan, Mongolia, North Korea, South Korea, and Taiwan. ...

, in the northern part of the

Korean Peninsula Korea ( ko, 한국, or , ) is a peninsular region in East Asia. Since 1945, it has been divided at or near the 38th parallel, with North Korea (Democratic People's Republic of Korea) comprising its northern half and South Korea (Republic o ...

. It claims sovereignty over

South Korea South Korea, officially the Republic of Korea (ROK), is a country in East Asia, constituting the southern part of the Korean Peninsula and sharing a land border with North Korea. Its western border is formed by the Yellow Sea, while its eas ...

. Over time North Korea has gradually distanced itself away from the world communist movement. ''

Juche ''Juche'' ( ; ), officially the ''Juche'' idea (), is the state ideology of North Korea and the official ideology of the Workers' Party of Korea. North Korean sources attribute its conceptualization to Kim Il-sung, the country's founder and f ...

'', an ideology of national self-reliance, was introduced into the constitution as a "creative application of

Marxism–Leninism Marxism–Leninism is a communist ideology which was the main communist movement throughout the 20th century. Developed by the Bolsheviks, it was the state ideology of the Soviet Union, its satellite states in the Eastern Bloc, and various c ...

" in 1972. The

means of production The means of production is a term which describes land, labor and capital that can be used to produce products (such as goods or services); however, the term can also refer to anything that is used to produce products. It can also be used as an ...

are owned by the state through state-run enterprises and collectivized farms. Most services such as healthcare, , housing and food production are subsidized or state-funded. From 1994 to 1998, North Korea suffered from a famine that resulted in the deaths of between 0.24 and 3.5 million people, and the country continues to struggle with food production. North Korea follows ''

Songun ''Songun'' is the " military-first" policy of North Korea, prioritizing the Korean People's Army in the affairs of state and allocation of resources. "Military-first" as a principle guides political and economic life in North Korea, with "mili ...

'', or "military-first" policy.H. Hodge (2003)
"North Korea’s Military Strategy"
''Parameters'', U.S. Army War College Quarterly. It is the country with the highest number of military and paramilitary personnel, with a total of 9,495,000 active, reserve, and paramilitary personnel. Its active duty army of 1.21 million is the fourth largest in the world, after China, the United States, and

India India, officially the Republic of India (Hindi: ), is a country in South Asia. It is the seventh-largest country by area, the second-most populous country, and the most populous democracy in the world. Bounded by the Indian Ocean on the so ...

. Due to the

command Command may refer to: Computing * Command (computing), a statement in a computer language * COMMAND.COM, the default operating system shell and command-line interpreter for DOS * Command key, a modifier key on Apple Macintosh computer keyboards * ...

economy of North Korea The economy of North Korea is a centrally planned economy, following '' Juche'', where the role of market allocation schemes is limited, although increasing. , North Korea continues its basic adherence to a centralized command economy. With a ...

, there are relatively few companies in North Korea and they are all managed by the

government A government is the system or group of people governing an organized community, generally a state. In the case of its broad associative definition, government normally consists of legislature, executive, and judiciary. Government is ...

Notable firms

This list includes notable

companies A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared go ...

with primary headquarters located in the country. The industry and sector follow the

Industry Classification Benchmark The Industry Classification Benchmark (ICB) is an industry classification taxonomy launched by Dow Jones and FTSE in 2005 and now used by FTSE International and STOXX. It is used to segregate markets into sectors within the macroeconomy. The I ...

taxonomy. Organizations which have ceased operations are included and noted as defunct. File:Industry Hamhung, North Korea.jpg, An industrial plant in Hamhung. File:Fábrica máquinas-herramienta Huichón (5).jpg, Tool-machine factory in Huichon. File:Pyongyang bus.jpg, A North Korean manufactured trolleybus, a Chollima 90.

References

Works cited

* * *

External links

Economy and foreign trade
at

*
List of 200 North Korean companies (XLS)
at North Korean Economy Watch
List of North Korean companies (PDF)
at Public Intelligence {{Asia topic, List of companies of * Korea, North

Notable firms

See also

References

Works cited

External links